Treasury Bills (91 / 182 / 364-day) — review & details

In Savings & fixed deposits · By the Rateweb editorial team · How we rate · Details checked 26 Jul 2026

A direct obligation of the Government of Kenya, auctioned weekly by the Central Bank and buyable yourself — no broker — through the DhowCSD portal. The benchmark every shilling savings rate should be measured against.

Government benchmark

Treasury Bills (91 / 182 / 364-day)

A direct obligation of the Government of Kenya, auctioned weekly by the Central Bank and buyable yourself — no broker — through the DhowCSD portal. The benchmark every shilling savings rate should be measured against.
★★★★★
4.6/5 · How we rate
91, 182 and 364 days (weekly auction)
Tenors
Set at the weekly CBK auction — check the current rate at centralbank.go.ke
Yield
KSh 50,000 (non-competitive bid), in multiples of KSh 50,000
Minimum
Open a free CSD account on DhowCSD (dhowcsd.centralbank.go.ke)
How To Buy
15% withholding tax on the interest
Tax
Government of Kenya — lowest-risk shilling investment (not a bank deposit; not KDIC)
Risk
fixed
Access
Pros
  • Government risk — the cleanest shilling benchmark
  • Buy directly on DhowCSD, no intermediary
  • Known return if held to maturity
Cons
  • KSh 50,000 minimum, in 50k steps
  • Locked for the tenor — not instant-access like an MMF
  • Rate changes every week
Current rates at the Central Bank

How Treasury Bills (91 / 182 / 364-day) compares in savings & fixed deposits

Treasury Bills (91 / 182 / 364-day) scores 4.6/5 in our savings & fixed deposits rankings. It's our current top pick in this category. Always compare a few before you decide — see the full savings & fixed deposits comparison.

Treasury Bills (91 / 182 / 364-day)
4.6/5 · this page
 Sanlam Money Market Fund
4.5/5
 CIC Money Market Fund
4.4/5
Tenors 91, 182 and 364 days (weekly auction) — —
Yield Set at the weekly CBK auction — check the current rate at centralbank.go.ke Variable, accrues daily — check the current net rate (moves weekly; 15% WHT applies) Variable, accrues daily — check the current net rate (moves weekly; 15% WHT applies)
Minimum KSh 50,000 (non-competitive bid), in multiples of KSh 50,000 About KSh 2,500 to open; top-ups from ~KSh 1,000 About KSh 5,000 to open; top-ups from ~KSh 1,000
How To Buy Open a free CSD account on DhowCSD (dhowcsd.centralbank.go.ke) — —
Tax 15% withholding tax on the interest — —
Risk Government of Kenya — lowest-risk shilling investment (not a bank deposit; not KDIC) — —
Current rates at the Central Bank → Read our Sanlam MMF review → Read our CIC MMF review →

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Details last checked: July 2026

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